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Redemption of Securities

11th Dec 2007 08:00

Redemption of securities

11 December 2007

On 7 December 2007, the Company approved an increase in its issued share capital by the creation of 169,308,151 new ordinary shares of 10p each, credited as fully paid, following a conversion of ‚£600,000 nominal of the Company's 5.25% Convertible Bonds due 2007 (the "Bonds") and the redemption of the remaining ‚£288,917,000 nominal of the Bonds. Application has been made to the UK Listing Authority for admission of such shares to the Official List and to the London Stock Exchange for admission to trading. It is expected that the admission will become effective and dealings in such shares will commence on 13 December 2007.

Enquiries: Gordon Ellis, Company Secretary 0845 2683441.

FRIENDS PROVIDENT PLC

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